Why Reliance’s investors opposed board roles for Saudi businessman and Khaitan

A third of Reliance’s large investors also rejected the appointment of Haigreve Khaitan as an independent director, given that he’s on the board of several other companies and may not be able to devote enough time to a conglomerate with diverse interests ranging from exploration and energy to retail and telecom. The 54-year-old Al-Rumayyan is … Read more